that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … innovative activity. While overoptimism leads to an innovation enhancing effect, judgmental overconfidence inhibits innovation …. Our results indicate that future research is well advised to take into account that the relationship between innovation …

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are … more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such …

attempt to attract immigrant entrepreneurs. Not surprisingly, a large body of research on immigrant entrepreneurship has … immigrant entrepreneurs’ contributions to the economy, entrepreneurship differences across groups and group differences in …Immigrants are widely perceived as being highly entrepreneurial and important for economic growth and innovation. This …

International trade patterns at the product level are surprisingly dynamic. The majority of trade relationships exist … at the 8-digit product level from 1995 to 2005. I find that survival probabilities are affected by exporter … characteristics, product type and market structure. Specifically, I show that the duration of exporting a product to Germany is longer …

results imply that entrepreneurs react to tax incentives along both real and avoidance margins, while the latter elasticity is …

conferred by time zone differences. We emphasize the role of the entrepreneurs, who decide how to produce business services (i … zone differences. We also show that in the presence of moving costs for entrepreneurs, technological improvements and the …

opportunities in the wage/salary sector leaving the net effect on entrepreneurship ambiguous. The most up-to-date microdata … entrepreneurship at the individual level to shed light on this question. Regression estimates indicate that local labor market … conditions are a major determinant of entrepreneurship. Higher local unemployment rates are found to increase the probability …

A large body research shows a positive relationship between wealth and entrepreneurship and interprets the relationship … entrepreneurship and a different measure of wealth – net housing equity – for the two groups. Second, we examine the liquidity …

We study the link between homeownership, mortgage debt, and entrepreneurship using a model of occupational choice and … homeowners start a business; and (ii) the negative relation between mortgage debt and entrepreneurship is more pronounced when … income volatility is higher. Our model further predicts that the relation between housing wealth and entrepreneurship is …